How are the Ambev (ABEV) restricted share awards structured for the reporting officer?

Each restricted share represents a contingent right to receive one common share, reduced by taxes withheld. The awards vest on specified future dates from 2026 through 2028, aligning the officer’s compensation with Ambev’s long-term performance over several years.

Ambev (NYSE: ABEV) officer discloses restricted stock and option grants

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AMBEV S.A. officer Eduardo Braga Cavalcanti de Lacerda filed an initial ownership report listing his equity interests in the company. The filing shows multiple grants of restricted shares, each representing a contingent right to receive one common share, generally at no exercise price and subject to withholding taxes.

These restricted shares vest on various dates, including December 1, 2026, March 1, 2027, December 2, 2027, February 28, 2028, December 1, 2028, and December 18, 2028. He also holds several stock option awards over common shares with exercise prices between $3.22 and $3.91 per share, expiring between 2026 and 2029, as well as directly held common shares. The report records existing holdings rather than new market transactions.

Insider Trade Summary

11 transactions reported

Mixed 11 txns

Insider Cavalcanti de Lacerda Eduardo Braga

Role See Remarks

Type	Security	Shares	Price	Value
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Stock Options (Right to Buy)	--	--	--
holding	Stock Options (Right to Buy)	--	--	--
holding	Stock Options (Right to Buy)	--	--	--
holding	Stock Options (Right to Buy)	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Restricted Shares — 1,809,350 shares (Direct); Stock Options (Right to Buy) — 698,214 shares (Direct); Common Shares — 345,295 shares (Direct)

Footnotes (7)

F1. These restricted shares vest on December 1, 2026.
F2. Each restricted share represents a contingent right to receive one common share minus withholding taxes.
F3. These restricted shares vest on March 1, 2027.
F4. These restricted shares vest on December 2, 2027.
F5. These restricted shares vest on February 28, 2028.
F6. These restricted shares vest on December 1, 2028.
F7. These restricted shares vest on December 18, 2028.

FAQ

What does the Ambev (ABEV) Form 3 filing by Eduardo Braga Cavalcanti de Lacerda show?

The Form 3 shows Eduardo Braga Cavalcanti de Lacerda’s existing equity holdings in Ambev. It lists multiple restricted share grants, stock options over common shares with defined exercise prices and expirations, and directly held common shares, without reporting any new market purchases or sales.

What restricted shares does the Ambev (ABEV) officer report holding?

He reports several tranches of restricted shares, each tied to one common share minus withholding taxes. Footnotes state vesting dates on December 1, 2026, March 1, 2027, December 2, 2027, February 28, 2028, December 1, 2028, and December 18, 2028, reflecting staggered equity-based compensation.

What stock options are disclosed in the Ambev (ABEV) Form 3?

The filing lists stock options over common shares with exercise prices of $3.26, $3.91, $3.22, and $3.43 per share. These options are exercisable into common shares and carry expiration dates between December 2026 and December 2029, showing a multi-year incentive structure.

Does the Ambev (ABEV) Form 3 indicate any insider buying or selling activity?

No. The entries are coded as holdings, and the transaction summary shows no buy or sell transactions. The Form 3 functions as an initial statement of beneficial ownership, detailing existing restricted shares, options, and common shares rather than recording new trades.

What common shares does Eduardo Braga Cavalcanti de Lacerda directly hold in Ambev (ABEV)?

Alongside restricted shares and options, he directly holds common shares of Ambev. One line in the filing reports 345,295 common shares under direct ownership, illustrating part of his immediate, non-derivative equity stake separate from contingent or option-based positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 02:36 PM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Cavalcanti de Lacerda Eduardo Braga

(Last)

(First)

(Middle)

RUA DR. RENATO PAES DE BARROS, 1017

4TH FLOOR

(Street)

SAO PAULO

BRAZIL

04530-001

(City)

(State)

(Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
AMBEV S.A. [ ABEV ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See Remarks

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	345,295	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Shares	⁽¹⁾	⁽¹⁾	Common Shares	270,763	⁽²⁾	D
Restricted Shares	⁽³⁾	⁽³⁾	Common Shares	430,082	⁽²⁾	D
Restricted Shares	⁽⁴⁾	⁽⁴⁾	Common Shares	399,584	⁽²⁾	D
Restricted Shares	⁽⁵⁾	⁽⁵⁾	Common Shares	161,744	⁽²⁾	D
Restricted Shares	⁽⁶⁾	⁽⁶⁾	Common Shares	134,683	⁽²⁾	D
Restricted Shares	⁽⁷⁾	⁽⁷⁾	Common Shares	412,494	⁽²⁾	D
Stock Options (Right to Buy)	12/01/2021	12/02/2026	Common Shares	157,869	$3.26	D
Stock Options (Right to Buy)	12/01/2022	12/02/2027	Common Shares	112,550	$3.91	D
Stock Options (Right to Buy)	12/03/2023	12/04/2028	Common Shares	144,835	$3.22	D
Stock Options (Right to Buy)	12/02/2024	12/03/2029	Common Shares	282,960	$3.43	D

Explanation of Responses:

1. These restricted shares vest on December 1, 2026.

2. Each restricted share represents a contingent right to receive one common share minus withholding taxes.

3. These restricted shares vest on March 1, 2027.

4. These restricted shares vest on December 2, 2027.

5. These restricted shares vest on February 28, 2028.

6. These restricted shares vest on December 1, 2028.

7. These restricted shares vest on December 18, 2028.

Remarks:

Commercial Vice President Officer. All prices were converted from Brazilian Real (BRL) to U.S. Dollars (USD) based on the foreign exchange rate as of March 17, 2026 (at USD 1.00 = BRL 5.26).

	/s/ Eduardo Braga Cavalcanti de Lacerda	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR